REGISTERED NUMBER: 08774885 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Smoking Aces Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

H Alshammari

S B Kadem

REGISTERED OFFICE:

618 Kingsbury Road

London

NW9 9HN

REGISTERED NUMBER:

08774885 (England and Wales)

ACCOUNTANTS:

Preston Accountants Limited.

Chartered Certified Accountants

1 Carlton Parade

Preston Road

Wembley

Middlesex

HA9 8NE

FIXED ASSETS

Property, plant and equipment

4

29,002

32,474

CURRENT ASSETS

Inventories

2,516

2,621

Debtors

5

9,480

11,500

Cash at bank

5,912

3,892

17,908

18,013

CREDITORS

Amounts falling due within one year

6

61,183

56,425

NET CURRENT LIABILITIES

(43,275

)

(38,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,273

)

(5,938

)

CREDITORS

Amounts falling due after more than one year

7

26,054

33,975

NET LIABILITIES

(40,327

)

(39,913

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(40,328

)

(39,914

)

SHAREHOLDERS' DEFICIT

(40,327

)

(39,913

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2026 and were signed on its behalf by:

S B Kadem - Director

1.	STATUTORY INFORMATION

Smoking Aces Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

18% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

37,088

3,420

40,508

DEPRECIATION

At 1 October 2023

7,418

616

8,034

Charge for year

2,967

505

3,472

At 30 September 2024

10,385

1,121

11,506

NET BOOK VALUE

At 30 September 2024

26,703

2,299

29,002

At 30 September 2023

29,670

2,804

32,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

9,480

11,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

3,775

4,854

Social security and other taxes

57

195

VAT

24,176

18,077

Other creditors

4,957

5,907

Directors' loan accounts

26,962

26,468

Accrued expenses

1,256

924

61,183

56,425

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans - 2-5 years

26,054

33,975

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

1

Ordinary Shares

1

1

1